Find A Mortgage Adviser In Kingsbury

Need A Mortgage Adviser In Kingsbury? You Will Find The Best Mortgage Advisers Here

For many, your house is your most valuable asset and your mortgage is your biggest debt. If you are buying your first home in Kingsbury, refinancing or moving to a new property, you need the right adviser to guide you through the mortgage process.

How To Find A Good Mortgage Broker in Kingsbury

Here is a list of what you need to look for in order to locate a great mortgage adviser.

Your Mortgage Adviser Should Be Authorised

Due to a large number of scandals that rocked the financial industry over the last few years such as mis-selling of PPI, financial advice in general and mortgage advice in particular has become one of the most highly regulated industries in the country. In order to provide mortgage advice, a mortgage adviser has to be authorised to sell mortgages. This normally means that they are regulated by the Financial Conduct Authority. (F.C.A.)

A mortgage adviser will either be directly authorised or will be an appointed representative of a regulated company. You can check if an individual or their company are authorised to give mortgage advice here. Not only will this confirm that the adviser is qualified to advise on mortgages and that they hold the required exams and licences but you will also be eligible for compensation if the advice you are given is wrong.

Your Mortgage Adviser Should Give Independent Advice

A mortgage adviser can either give independent or restricted advice. An obvious example of restricted advice is a representative of a bank who can only advise on the products offered by the bank. Less obvious is the fact that many mortgage brokers actually work from a restricted panel of lenders rather than the whole of the intermediary market.

Be aware that even a fully independent mortgage adviser cannot provide you with 100% of the mortgages available as some lenders only offer their mortgages directly to the public although a good adviser should still be able to make you aware of these alternative lenders

A Mortgage Adviser Should Not Charge Fees

Some mortgage brokers will charge broker fees for their service of up to 1% of the mortgage balance. However, most lenders will provide mortgage advisers with a fee for introducing the business to them so, provided that the mortgage is not unduly complex or the loan very small, there should be no additional fee payable for mortgage advice.

Your Mortgage Adviser Should Be Experienced

You need to speak to an adviser who has a track record of looking after the needs of customers. All of our advisers have years of experience in financial services – many of them over 20 years worth.

Your Mortgage Adviser Needs To Be Available To See You In Kingsbury

Although it is possible for advice to be given over the phone and by email some people want face to face advice so it may be important to you that your mortgage adviser is available to see you in Kingsbury. All of our advisers are available to see you in your local area or at a one of their central London offices.